Market Population Trends

Employment Type

Age Grouping

Ethnicity Mix 2018

Fertility Rate

924 estimated births

Household Characteristics

Median Age over Time

Households with Children by Age

Median Household Income

Educational Attainment

Unemployment Rate

Type of Housing

Housing Values

Median mortgage payment for 2018: $1,119

Average Rent as Percentage of Gross Income

Median rent for 2018: $712

Average Commute

Primary Transportation

Gender Mix

Field of Employment

Estimated Consumer Expenditures

Category
Estimated Annual Spend (in 000's)
Food $118,554
--Home Prepared Food $66,804
--Restaurant/Takeaway Food $51,750
Alcoholic Beverages $8,703
Housing $300,500
--Rent/Mortgage/Upkeep/Taxes $175,713
--Utilities $60,570
--Operations $22,817
--Supplies $11,173
--Furnishings $30,344
Apparel $27,874
--Men & Boys $6,233
--Women & Girls $11,291
--Children < 2 $118
--Footwear $5,881
Transportation $145,957
--New Vehicles $27,286
--Used Vehicles $31,167
--Fuel $31,520
--Insurance $14,584
--Public Transit $12,232
Healthcare $74,331
Entertainment $48,221
--Pets $9,879
--Toys $2,352
Personal Care Products $11,526
Books & Literature $1,647
Education $21,053
Tobacco Products $5,175
Miscellaneous $14,819
Retirement $28,227
Non-health Insurance $109,144
Total Expenditures $915,732

Selected Population Data

Period Geography Population
2014 Albemarle, NC Micro Area 60,553
2015 Albemarle, NC Micro Area 60,586
2016 Albemarle, NC Micro Area 60,610
2017 Albemarle, NC Micro Area 60,875
2018 Albemarle, NC Micro Area 61,114